Facing extradition to the US, Huawei’s CFO is released on bail in Canada

Vancouver, Canada (CNN Business)The chief financial officer of Chinese tech giant Huawei has been released on bail in Canada, setting her up for a lengthy legal fight over extradition to the United States.

Meng’s arrest has stoked tensions between the United States and China, just as the two sides have been trying to negotiate an end to their bruising trade war.
“If I think it’s good for what will be certainly the largest trade deal ever made — which is a very important thing — what’s good for national security — I would certainly intervene if I thought it was necessary,” Trump told Reuters in an interview published shortly after the Meng was granted bail by a judge in Vancouver.
    The US government alleges that Meng, who is the daughter of Huawei’s founder, helped the company dodge sanctions on Iran. She was arrested December 1 during a layover at Vancouver International Airport.
    Huawei is one of China’s leading tech companies. It sells more smartphones than Apple (AAPL) and builds telecommunications networks in countries around the world.
    A judge granted Meng, 46, a $10 million ($7.5 million USD) bail Tuesday after three days of court hearings. She left the court in downtown Vancouver on Tuesday evening, according to Canadian broadcaster CBC.
    As a condition of her release, she has agreed to surrender her passports and live in one of her homes in Vancouver. She will also pay for an around-the-clock security detail and wear a GPS ankle bracelet.
    Meng’s attorney, David Martin, argued that she should be released on bail while she waits for an extradition hearing because of health concerns. Meng has severe hypertension, for which she was hospitalized after her arrest.
    At issue in court was whether Meng posed a flight risk. Martin said she did not, since her ties to Vancouver go back 15 years and she has two homes in the area. Leaving Canada would also embarrass her personally, and would humiliate her father, Huawei and China itself, Martin said.
    On Tuesday, Meng’s legal team proposed that the terms of her release could include financial pledges from people in Canada who know her, such as a realtor and insurance agent. Together, they pledged more than $3 million ($2.2 million USD) in home equity and cash, which they’d owe if Meng flees. Her husband also offered to put up the couple’s two houses in Vancouver.
    The judge agreed to those terms. Of Meng’s $10 million bail, $3 million is pledged by her sureties, the people responsible for making sure she complies with the orders set forth by the court. The other $7 million ($5.2 million USD) is a cash deposit from Meng.
    Her arrest had been met with consternation from Chinese officials. The Chinese Foreign Ministry said over the weekend that it had summoned both US Ambassador to China Terry Branstad and Canadian Ambassador to China John McCallum to address Meng’s detention, which it described as “lawless, reasonless and ruthless.”
    In addition to her role as CFO of Huawei, Meng serves as deputy chairperson of the company’s board.
    Huawei said in a statement that the company has “every confidence that the Canadian and US legal systems will reach a just conclusion” in the case. The company reiterated that follows all the laws and regulations where it operates.
    The United States alleges that Meng helped Huawei get around US sanctions on Iran by telling financial institutions such as HSBC (HSBC) that a Huawei subsidiary, Skycom, was a separate and unaffiliated company.
    The US Justice Department has declined to comment on the case. Meng faces “serious charges of fraud involving millions of dollars” in the United States, according to the affidavit of a Canadian law enforcement official. She could receive substantial jail time if convicted, the statement said.
      The process of approving or denying Meng’s extradition is expected to take months. Meng is due back in court February 6.
      The United States has 60 days from the date of a provisional arrest to provide Canada with its formal extradition request and supporting documents. Canada’s Justice Department then has 30 days to weigh the request and greenlight an extradition hearing in which the request is weighed by a judge.

      Original Article : HERE ; This post was curated & posted using : RealSpecific

      Recommended PRODUCTS
    • Are you frustrated that your expensive karoke player does not let you play.
    • Have You Considered Selling On Amazon.com From Canada But Were Unsure How To Get Started
    • Put small animated peel image at the top corner right or left on webpage
    • Download the latest official drivers for your PC fix driver problems and keep them updated.
    • Dont Let Social Anxiety Control Your Life Any Longer. Start Living.
    • The stunning secret of turning your wife on with the push of a button.
    • Discover A Habit Busting Program Gives You The Ability You Have Always Wanted.
    • Protect Your Family with Parental Controls Download Internet Filter Now
    • This Affiliate System Will Have You Raking In Massive Commissions From Affiliate Marketing.
    • ApeSurvival is all about survival and self-defense products, tips and news.
    • Scheduler123 : Excel-based Finite Production Scheduling Software.
    • The Most In-Depth, Complete, And Definitive Online Training Ever Created On Ho'oponopono
    • 6 'Magic' Words Could Be All it Takes to Get Your Ex-Boyfriend to Come Running Back Today
    • Discover Informative Tips, Hints And Ideas You Need To Your RV Travel To Canada.
    • Clickbank Ads

      Recommended PRODUCTS
    • Are you frustrated that your expensive karoke player does not let you play.
    • Have You Considered Selling On Amazon.com From Canada But Were Unsure How To Get Started
    • This lets you make money on every NFL and college pick for the entire 2010 season.
    • The Latest Boat Design Software Start building your dream Boat In 5 Mins
    • Discover A Habit Busting Program Gives You The Ability You Have Always Wanted.
    • Become A Certified Usui Reiki Healing Master With The Latest Reiki Certification Program.
    • A Truly Unique Extract Of The Greatest Methodologies For Keeping The Body And Mind Young And Agile.
    • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
    • Reveals 1 Unusual Tip To Eliminate Excessive Sweating Forever In 48 Hours
    • Learn how you can easily create mobile apps to generate passive income.
    • Packed full of the info you need for profitable horse racing
    • Discover How To Add 20lbs To Your Bench Press, 15lbs To Deadlift, And 20lbs To Your Squat In 3 Months
    • Clickbank Ads

      Thank you for taking the time to read our article.

      If you enjoyed our content, we'd really appreciate some "love" with a share or two.

      And ... Don't forget to have fun!


      ZooWarrior Reseller Silver

      Help user increase conversions, and reduce refunds. Keep Great reputation with Paypal.

      Tube Rank Machine 10 Resellers License

      Get backlinks and rank videos on autopilot

      EZ Video Creator - Commercial -Viddyoze Special

      Create your own amazing videos using our massive library and easy cloud-based editing program.

      Leave a Reply